0.7 Acres Lot
0.7 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDSO2007952
Year Built 1959
Annual Tax Amount $1,506
Tax Year 2026
Lot Size 0.703 Acres
Acres 0.7
Lot Dimensions 0.00 x 0.00
Property Sub-Type Retail
Source BRIGHT
Property Description
Presenting 12146 Somerset Avenue, known as Red Roof Plaza, a commercial strip center offering an excellent investment opportunity in Princess Anne, Maryland.
Positioned along heavily traveled Somerset Avenue, this property benefits from premier road frontage and valuable exposure to passing traffic. The plaza is situated adjacent to established commercial destinations, including Royal Farms, providing a strategic location within an active commercial corridor.
The property features five commercial units, with three currently leased, offering an established income stream and the opportunity to further enhance rental revenue through the lease-up of the remaining two units. Whether you are an investor seeking an income-producing commercial asset or looking to capitalize on the potential for increased occupancy, Red Roof Plaza presents an opportunity to acquire a commercial property with visibility, location, and additional upside.
Explore the possibilities at Red Roof Plaza and capitalize on its prominent Somerset Avenue location and future income potential.
Property is Configured as:
Unit A
-Rented
-Flex Space (Live/Work)
Rental Information:
Scheduled Monthly Rent: $300/mo
Scheduled Annual Rent: $3,600/yr
Lease Start Date: April 15, 2026
Lease Term: Ends April 30, 2027
Tenant pays all utilities. (individual meter)
Unit B
Vacant
Commercial Space
Master Meter
Unit C
Rental Information:
Scheduled Monthly Rent: $950/mo
Scheduled Annual Rent: $11,400/yr
Lease Start Date: January 1, 2026
Lease Term: Ends December 31, 2026
Tenant and Landlord Split Utilities. (per lease)
Master Meter
Unit D
Vacant
Commercial Space
Master Meter
Unit E
Rental Information:
Scheduled Monthly Rent: $694.97±/mo
Lease Start Date: July 1, 2022
Lease Term: Month-to-Month
Landlord pays Electric, Water, & HVAC. (per lease)
Master Meter
Buyer to conduct all due diligence regarding zoning, permitted uses, build-ability, utilities, access, setbacks, environmental conditions, subdivision potential, and all applicable Somerset County requirements. Buyer is responsible for independently verifying all information and determining the property's suitability for their intended use.
The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. Neither the auctioneer, co-listing broker or the owner make any representations or warranties with respect to the accuracy of information.
Location
State MD
County Somerset
Area Somerset East Of Rt-13 (20-02)
Zoning C-2
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 10.0
Water Access N
Accessibility None
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Somerset County Public Schools
Others
Tax ID 2001012452
Ownership Fee Simple
Special Listing Condition Auction
Nearby Locations
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